• SharpLink buys 143,593 ETH, boosting holdings to 740,760, worth $3.2 billion amid Ether’s price surge.
• Over 1,300 ETH earned from staking, with nearly all holdings deployed in Ethereum’s proof-of-stake network.
• A $103M loss causes a stock drop, while Ethereum’s institutional demand rises with $3.7B in ETF inflows.

SharpLink Gaming increased its Ether (ETH) holdings by purchasing 143,593 tokens as the price of ETH rose to record levels. In an SEC filing, the company revealed that they purchased the tokens at an average of 4,648 dollars per token, taking the total amount to $667.4 million. That purchase brings the total ETH owned by SharpLink to 740,760, valued at approximately $3.2 billion at current prices.

The newest purchase comes amid a robust run in capital costs of Ether, which briefly topped $4,700. SharpLink has been an active participant of the proof-of-stake (PoS) network within Ethereum. It earned 1,388 ETH in staking, or locking up assets to receive rewards using Ether. As of August 17, 2025, SharpLink stated it had staked almost all of its ETH staking, including liquid staking.

SharpLink Hit by $103M Loss, Shares Fall 13.5%

The company’s recent acquisition of SharpLink follows a net loss of $103 million in Q2 2025. This loss was mostly because of a paper loss caused by taking into account staked liquid Ether (LsETH). 

This financial crisis brought drastic changes in the company stock price. SharpLink shares experienced a 12.5% decline on Friday and have collectively declined 13.5% over the past five trading days. On Monday, the stock closed at $20.10.

The move is part of a greater push to buy Ether as an increasing number of institutions invest in Ethereum. Such a wave of institutional demand resulted in $3.7 billion in inflows to spot Ether exchange-traded funds (ETFs) between August 5 and Thursday. These large inflows are indications of emerging levels of confidence elevated towards the future growth and stability of Ethereum.

Also Read: Ethena Price Prediction: MACD Bearish Crossover Delays Move Toward $0.8274

BitMine Secures 373,000 ETH, Becoming Second-Largest Crypto Treasury

SharpLink is not the only company that acquires Ethers. Recently, BitMine, one of the major competitors, acquired 373,000 ETH. This acquisition raises the amount of Ether that BitMine has secured to 1.52 million ETH, worth approximately $6.6 billion. 

BitMine is now the second-largest crypto treasury in the world, following the Michael Saylor strategy, as a result of the acquisition. Strategy possesses 629,376 BTC, with a total value of about $72.7 billion.

With the increase in Ether holdings, SharpLink will have to adhere to the complex regulatory environment of staking. The company has realized that its staking operations may be affected by the changing governmental policies. Its future participation in the Ethereum network will be conditioned by the market circumstances as well as the changing regulatory environment.

Also Read: XRP’s Bullish Spike: Can It Break $3.30 Resistance or Face a Downturn?